Gold Rises Slightly but Remains Under Pressure

Gold prices saw a modest uptick but remain constrained by the strength of the U.S. dollar and reduced demand for safe-haven assets.

Despite the Federal Reserve cutting interest rates by 25 basis points, comments from Chair Jerome Powell cooled expectations for further rate reductions, strengthening the dollar and putting downward pressure on gold prices.

The dollar index remains near its three-month high, making the precious metal more expensive for international buyers.

Additionally, the easing of geopolitical tensions following the recent U.S.–China meeting in Busan has reduced gold’s appeal as a safe-haven investment.

Trump Reinforces His Tech Strategy: “Nvidia’s Most Advanced Chips Will Be for the U.S. Only”

Donald Trump reaffirmed his protectionist stance in a CBS interview, declaring that the United States will not allow other nations to access Nvidia’s most advanced chips, such as the Blackwell series.

The former president stressed that while China may continue to trade with the company, it will not have access to its most sophisticated products, underlining his intention to maintain American technological supremacy over global competitors.

Earnings Season: Major Corporations Report Their Financial Results

From 3 to 7 November, markets are focusing on quarterly reports from leading global companies, including Palantir, Uber, Spotify, Ferrari, McDonald’s, AMD, AstraZeneca, Warner Bros. Discovery, and Airbnb.

Investors will be analysing performance across key sectors such as technology, entertainment, consumer goods, and healthcare, seeking insights into global economic trends and future investment opportunities.

U.S. and China Reach a Historic Agreement to Ease Trade Tensions

Report 03 /11/2025

Following their meeting in Busan, Presidents Donald Trump and Xi Jinping reached a trade deal described as “historic.”

Key commitments include:
• China will lift controls on exports of strategic minerals and resume large-scale agricultural imports from the U.S.
• The U.S. will reduce tariffs on Chinese goods and suspend new technological restrictions until 2026.

This pact could revitalise agricultural, energy, and industrial trade, bringing greater stability to global markets and reducing the risk of a renewed trade war.

Europe Accelerates Digitalisation with the Launch of the Digital Euro

European Central Bank (ECB) President Christine Lagarde announced that the digital euro is in an advanced development stage and will be launched “as soon as possible.”

This digital asset will coexist with cash, enabling seamless online payments within the European Union and strengthening the continent’s financial autonomy.

The digital euro aims to reduce Europe’s dependence on foreign payment systems, ensuring a secure, public, and accessible means of payment in the digital era.

Conclusion

Global markets face a pivotal week shaped by several key factors:
• Gold remains pressured by the dollar’s strength.
• The U.S.–China trade truce restores investor confidence.
• Corporate earnings season will test market sentiment.
• Europe advances its digital future through the digital euro.

FXLiveCapital continues to monitor global market movements to deliver real-time, data-driven analysis.